This chemical is primarily utilized in the synthesis of advanced organic compounds, particularly in the development of pharmaceutical intermediates. Its structure, featuring cyano, hydroxy, and carboxylic acid groups, makes it a valuable building block in creating molecules with potential biological activity. It is often employed in research settings for designing and optimizing drug candidates, especially those targeting specific enzymes or receptors. Additionally, its biphenyl core contributes to its use in materials science, where it can be incorporated into polymers or coatings to enhance specific properties like stability or functionality. Its versatility also extends to agrochemical research, where it may serve as a precursor in the development of novel pesticides or herbicides.